International investment firm Cathay Capital has raised $1.4 billion in new funds with an eye on opportunities created by the pandemic-afflicted economy. Cathay Innovation, the firm’s venture team, got $550 million in new financing, $230 million more than its inaugural fund from 2017. The firm’s private equity group, meanwhile, raised a new $850 million fund. […]
Category: News
Cathay Innovation raises $550M for its second global VC fund
With the global economy still sorting itself out in the face of the pandemic, we’re hearing about fewer new venture capital funds these days. However, today is an exception, as Cathay Innovation has raised a $550 million second fund, which is about double the size of its first fund and, according to its leader Denis […]
Cathay Innovation Says Positive Impact Investing Will Help World Recover
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VC Daily: Some Comfort for PPP Applicants; Cathay Capital Reloads; Startups Roll Out Contact-Tracing Apps
Good day. After tightening eligibility requirements and increasing scrutiny, the Small Business Administration is giving a reprieve to applicants for the Paycheck Protection Program. The SBA now says that loans of less than $2 million in the aggregate to a borrower and its affiliates will be considered necessary, based on the amount alone. […]
Cathay Capital Raises €1.3B in Latest Private Equity & Venture Capital Funds
May 14, 2020 Cathay Capital announces that it has raised €1.3 billion to support entrepreneurs, following the final closing of the €800 million Midcap II fund and the achievement of the €500 million target for Cathay Innovation II. Those two investment vehicles are operational and will enable Cathay’s teams to best support start-ups (for Cathay […]
Cathay Innovation raises $550m for second fund, opens first SE Asia office
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Cathay Innovation raises US$550M for second fund, will continue investing in SEA
Cathay Innovation, a VC firm that invests in digital entrepreneurs across Europe, China, and the US, has raised €500 million (US$550 million), over our original target, for its second fund, according to Dealstreet Asia. […]
We got an exclusive look at the pitch deck health startup Owkin used to raise funding from top VCs to fight the coronavirus
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Insurtech Startup Axinan Closes Series A+ with $16 Mn
Insurtech Startup Axinan has closed its series A funding round at $16 mn. The extended series A+ funding was led by InVent, the corporate venture capital arm of asset management and investment company Intouch Holdings. […]
‘Banking in America is broken:’ The CEO of $5.8 billion challenger bank Chime wants to put the customer first during the coronavirus crisis
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